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Q2 Results Highlights: The second-quarter earnings season for the current fiscal kicked off last week, with top IT majors announcing their results. It seems from the results that the IT space has been battling turbulent times and will take time to make a recovery.
Meanwhile, automobile companies are projected to report robust top-line growth and improved profitability in Q2 on higher selling prices and lower raw material costs.
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— Registrar and Transfer Agent (RTA) KFin Technologies on October 20 reported net profit for the quarter at Rs 61.38 crore, up 28.1 percent year on year (y-o-y).
— Its revenue from operations stood at Rs 208.97 crore, rising 16 percent y-o-y.
— Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) for the quarter stood at Rs 93.67 crore, up 31.8 percent y-o-y, EBITDA margin was at 44.8 percent in Q2FY24 versus 39.4 percent in Q2FY23.
— Net profit up 85.6% at Rs 850.2 crore vs Rs 465.7 crore (YoY)
— Revenue up 36.5% at Rs 3,259.4 crore vs Rs 2,387.5 crore (YoY)
— EBITDA at Rs 1,880.4 crore vs Rs 889.7 crore (YoY)
— Margin at 57.7% vs 37.3% (YoY)
Poonawalla Fincorp on October 20 said its consolidated net profit for the quarter ended September 2023 rose 555.17 percent to Rs 854.61 crore thanks to a large one-time gain.
The company sold its investment in Poonawalla Housing Finance Limited (PHFL) on July 26, 2023 (effective date) to Perseus SG Pte. Ltd., an entity affiliated to TPG Global LLC. Upon completion of the transaction, PHFL ceased to be a subsidiary of the company from the effective date.
The resultant gain of Rs 2,308.97 crore has been classified and presented as an exceptional item in its profit and loss statement.
— Profit at Rs 1258.9 crore vs Rs 163.1 crore YoY
— NII up 18.7% at Rs 529.2 crore vs Rs 445.9 crore YoY
— NIM at 11.42% vs 10.4% YOY & vs 11.4% QoQ
— GNPA ratio at 1.36% vs 1.42% QoQ
— NNPA ratio at 0.72% vs 0.76% QoQ
— PAT rises 46.4% YoY at Rs 595 crore vs Rs 406 crore
— Revenue from ops up 2.4% YoY at Rs 3213 crore vs Rs 3138 crore
— Public sector lender Central Bank of India on October 20, reported a net profit of Rs 605.4 crore for the July–September quarter of this fiscal year.
— The bank's gross non-performing asset (GNPA) also improved to 4.62 percent from 4.95 percent Q1FY24.
— The lender's net NPA stood at 1.64 percent, improving from 1.75 percent in the last quarter.
— Revenue from financial services and others up 64% YoY to Rs 571 crore
— Unique users, who have taken loan through Paytm platform, reaches 1.18 crore
— Loan distribution continues to scale with Rs 16,211 crore of loan disbursement (up 122% YoY)
Paytm’s net payment margin has gone up 60% YoY to Rs 707 crore due to an increase in payment processing margin and an increase in merchant subscription revenues. The Payment Processing Margin is at the higher end of the 7-9 bps range due to a) increase in GMV of non-UPI instruments, like Postpaid, EMI, and cards, and b) improvements in payment processing margin on these non-UPI instruments.
— Paytm’s revenue from its payments business has gone up 28% YoY to Rs 1,524 crore
— Its net payment margin is up 60% YoY to Rs 707 crore; GMV is up 41% YoY to Rs 4.5 lakh crore
— Payment processing margin is at the higher end of 7-9 bps range (without UPI incentive)
— Merchant paying subscription for devices has reached 92 Lakh as of September 2023, an increase of 44 Lakh YoY and 14 Lakh QoQ
— Paytm's net loss narrows to Rs 292 crore as revenue jumps 32%
— Reports revenue of Rs 2,519 crore vs Rs 1,914 crore, up 32% YoY
— Contribution profit up 69% YoY to Rs 1,426 crore (margin of 57%, expansion of 13 percent point YoY)
— EBITDA before ESOP up Rs 319 crore YoY to Rs 153 crore (margin of 6%, up 15 percent point YoY)
– Net profit down 18.1% at Rs 29 crore.
– Revenue down 47.4% at Rs 224.2 crore.
– JSW Steel’s capex in India was Rs 3,701 crore and consolidated was Rs 3,816 crore.
– During H1 FY24 capex spend in India was Rs 7,795 crore and consolidated was Rs 7,996 crore, against the planned capex spend of Rs 18,800 crore in India and Rs 20,000 crore consolidated for FY24.
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Q2 Results Highlights: Paytm net loss narrows to Rs 292 crore, revenue jumps 32% on strong loan growth – Moneycontrol
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